Business
Aureus Greenway Holdings Announces $50 Million Strategic Investment in Powerus from KCGI
Investment supports Powerus’s U.S. and South Korean manufacturing scale which is expected to meet growing demand for domestically produced autonomous defense
About this update from Aureus Greenway Holdings Inc.
[{"type":"text","content":"Investment supports Powerus’s U.S. and South Korean manufacturing scale which is expected to meet growing demand for domestically produced autonomous defense systems; combined company expected to trade on Nasdaq under ticker symbol “PUSA” upon closing\nKISSIMMEE, Fla., April 09, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. (Nasdaq: AGH) (the “Company”) today announced that Autonomous Power Corporation, doing business as “Powerus”, its proposed merger target, closed a $50 million strategic investment from KCGI Innovative Growth ESG Private Equity Fund 1 and KCGI Innovative Growth ESG Private Equity Fund 1-1 (together, “KCGI”), the Korea Climate & Governance Investment Fund, a Seoul-based investment group. The capital is expected to be deployed to scale manufacturing capacity for Powerus’s autonomous defense systems across facilities in the United States and South Korea and for general working capital purposes. The Company believes the investment by KCGI supports Powerus's strategy to build a resilient, ally-sourced manufacturing base for its autonomous systems platforms that is expected to reduce dependence on foreign supply chains from non-allied nations and facilitating production capacity in countries with aligned with the United States’s national security interests. Matthew J. Saker, Interim Chief Executive Officer of AGH stated, “The need for and uses of autonomous technologies, such as those produced by Powerus, remain front page news given developments in the Middle East and elsewhere. I believe the business combination in connection with today’s investment supports this being a compelling opportunity for Aureus Greenway Holdings stockholders.” “This investment allows us to build at the pace the mission requires,” said Andrew Fox, Founder and Chief Executive Officer of Powerus. “Scaling production in the United States and South Korea, with an ally-sourced supply chain, is not just a business decision. It is the right way to build defense technology at a moment when the origin of components and the integrity of the supply chain matter as much as the capability of the system itself.” Kang Sung-boo, Chief Executive Officer of KCGI, added: “Autonomous defense systems built on trusted supply chains and manufactured by allied nations represent exactly the kind of long-term infrastructure investment KCGI was designed to...